According to the current analysis
of Reports and Data, the global Food
Automation market valued at USD 9.08 Billion in 2018 and is expected
to reach USD 15.78 Billion by the year 2026, at a CAGR of 7.1%. Automation has
now become a necessity in the food and beverage (F&B) industry to maintain
quality, to enhance production speed, to cooperate with the labor shortage.
Rising demand for food automation due to rapid industrialization and
urbanization is driving growth for the market. Moreover, the expansion of the
food and packaging industry is expected to support industrial growth. Stringent
government regulations regarding food safety are boosting demand for automation
to maintain the quality of the product and efficiency of the food manufacturing
process.
The key market players are
focusing on various strategies such as mergers, partnerships, acquisitions, and
new product launches to maintain their position. For instance, in 2016, CTB
acquired a majority share in Cabinplant, a global provider of tailor-made
processing solutions for the F&B industry. In November 2017, researchers at
Harpers Adams University in the United Kingdom completed the Hands-Free Hectare
project, during which nearly five tons of spring barley was successfully
planted, tended, and harvested by autonomous vehicles and drones.
North America accounted for a
share of 25.6% of the industry in 2018 and is projected to grow significantly
in the forecast period. The presence of key players including Rockwell
Automation, Inc., Fortive Corporation, Emerson Electric Co. and Rexnord
Corporation to name a few is likely to influence growth. In addition,
regulatory support through acts such as the FDA Food Safety Modernization Act
(FSMA) is also expected to create growth opportunities.
To identify the key trends in
the industry, click on the link below:
Further key findings from
the report suggest
- The market is expanding at a CAGR of 8% in Asia
Pacific due to expansion of food and manufacturing industry in the region.
- The packaging and repackaging segment is expected to
register the highest CAGR of 7.7% during 2019-2026. The packaging industry
requires precise automation and material handling to meet global demand
reliably. Automation in packaging would ensure improved reliability,
faster installation and improved energy efficiency.
- Based on application, beverages are expected to
dominate the sector. The beverage production process is a complex process
and requires constant advancements. Integration of computerized solution
in beverage production processes is expected to support the growth of
segment,
- The increasing importance of motors in motion control
applications involving high torque applications and high-pressure
wash-down with precise motion control has significantly enhanced their
overall functionality. The efficient and smooth functioning of the systems
is encouraged by using generators in the F&B industry. It is also supported
by the rising awareness about the efficient energy management advantages
of generators.
- The scarcity of skilled resources to operate and
maintain the machines and huge investment in research and development pose
a barrier for this market. Additionally, the high cost of capital is
likely to hinder growth during the forecast period
- Key participants include Rockwell Automation, Siemens
AG, ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric and Nord
DriveSystems. ABB Ltd. is a Swiss-Swedish multinational corporation
headquartered in Zurich, Switzerland. The robots manufactured by the
company are designed and built to suit all aspects of processes within
food and beverage sector. The robots are complemented by end of arm
tooling, software products, and function packages and are suitable for
applications such as bakery, meat, fish, fruit and vegetables, oils, and
beverages.
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